Payday loan lender financial reportng requirements

Does anyone have non bank lending clients and can advise which financial standards apply to them ?

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Does anyone have any fintech (non bank) lending clients and can advise which financial standards apply to them ? 

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John Toon
By John Toon
20th Oct 2020 15:24

Yes I do. Which accounting standards do you want to apply or should I say does the company want to apply? IFRS or FRS 102...

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By DSR
20th Oct 2020 15:45

Ok - who would determine this and what would inform their choice/decision ?

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Replying to DSR:
John Toon
By John Toon
20th Oct 2020 16:21

More than likely the directors with some advice from their accountant/auditors on what the market expects and the relative impact/differences between FRS 102 and IFRS

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